THQ to be broken up and sold in pieces

An end may be in sight to the ongoing saga of THQ's financial situation as agreements have been reached to break up the company and sell it off piece by piece.

The result will be that the company's properties, which include series like Homefront and Saints Row as well as licenses like WWE and Warhammer 40K, will be sold off individually to the interested parties.

What will happen to the studios that make these games will depend entirely on whether the buyers will want the development teams behind the IPs as well as the IPs themselves.

Many big industry players have been linked with a THQ purchase including EA, Ubisoft and Warner Bros.